Economy
Last week, we were Debbie Downer’ed by the latest Standard & Poors/Case Shiller report telling us that while Dallas homes saw a scant increase in prices from the spring, they were down overall from last year, that is, 2010. And that is the problem with Case Shiller: first of all, they do not count new home sales.…
Get this: Austin has an unemployment rate of only 6.7%. That could be why, except for South Padre Island, Austin now has the highest priced median homes in Texas: $194,600, according to the Real Estate center at Texas A&M University. Sales of existing single-family Texas homes in August were up 24 percent from a year ago, according to the…
The good news is that home prices rose for a fourth straight month in most major U.S. cities in July, from June, no shocker because we’ve just emerged from the busiest buying season. And that includes Dallas — a whole point (.3) 3%. The bad news is that when you look at last year, home prices are…
Had lunch with the fine, fine folks at Keller Williams Elite Park Cities the other day: Stevie Chaddick, Linda Carothers, Philip Walker, Jane Idzie and Vicki Foster. Like everyone in America, we talked about what we were doing the moment we learned that the twin towers, the Pentagon and a U.S. civilian aircraft, had been attacked. It was…
